Corpay, Inc. $CPAY Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its holdings in Corpay, Inc. (NYSE:CPAY) by 35.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,946 shares of the company’s stock after selling 2,734 shares during the period. Texas Permanent School Fund Corp’s holdings in Corpay were worth $1,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Corpay by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,124,437 shares of the company’s stock valued at $2,695,851,000 after purchasing an additional 251,651 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in Corpay by 3.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,855,589 shares of the company’s stock valued at $1,279,362,000 after buying an additional 124,368 shares during the period. Boston Partners lifted its position in Corpay by 5.8% in the second quarter. Boston Partners now owns 2,289,271 shares of the company’s stock valued at $758,536,000 after buying an additional 125,331 shares during the last quarter. Invesco Ltd. lifted its position in Corpay by 4.4% in the second quarter. Invesco Ltd. now owns 1,978,930 shares of the company’s stock valued at $656,649,000 after buying an additional 84,198 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Corpay by 3.5% during the second quarter. Geode Capital Management LLC now owns 1,871,511 shares of the company’s stock worth $619,643,000 after buying an additional 63,287 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Corpay from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group reissued a “buy” rating on shares of Corpay in a research report on Monday, November 3rd. Royal Bank Of Canada raised their price target on Corpay from $336.00 to $344.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Williams Trading set a $300.00 price objective on Corpay in a research note on Monday, November 3rd. Finally, UBS Group decreased their target price on Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Corpay currently has an average rating of “Moderate Buy” and an average target price of $375.43.

Corpay Stock Up 1.3%

Corpay stock opened at $313.91 on Tuesday. Corpay, Inc. has a twelve month low of $252.84 and a twelve month high of $400.81. The stock’s fifty day simple moving average is $288.81 and its 200-day simple moving average is $307.87. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $21.96 billion, a P/E ratio of 21.31, a P/E/G ratio of 1.09 and a beta of 0.84.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. Corpay had a return on equity of 37.83% and a net margin of 24.37%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted $5.00 earnings per share. Corpay’s revenue was up 13.9% compared to the same quarter last year. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. As a group, equities analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Corpay Profile

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.